Seba, a young Swiss-based digital asset bank holding regulatory licensing, looks to attempt a secondary capital raise to garner over $95 million in additional funds.
During the raise, Seba aims to secure 100 million Swiss francs, equivalent to $96.5 million, “from new investors, including financial institutions, family offices and individuals,” Financial News London wrote in a Jan. 17 brief.
Crypto friendly startup SEBA Bank AG announced its launch on Nov. 12, 2019 after Switzerland’s Financial Market Supervisory Authority (FINMA) approved the outfit to operate in the world of securities and banking.
Seba raised significant capital in its first fundraising round, attracting over $103 million in U.S. dollar terms, according to Seba CEO Guido Bühler in a Nov. 12 press release. Bühler said:
Just one month after announcing its launch, Coinworld360 reported on Seba’s expansion to nine additional countries, including Hong Kong, the United Kingdom, Germany, France, Portugal, Singapore, Italy and Austria.
Coinworld360 reached out to Seba for additional clarification but received no comment as of press time. This article will be updated accordingly upon receipt of a response.